An Occasional Paper from RUSI on 20th March says that public–private financial information-sharing partnerships have become increasingly useful in understanding and mitigating economic crime.  This Occasional Paper examines how these partnerships’ role can be expanded for greater impact.  It says that a research programme asked public and private partnership leaders and other expert stakeholders in 22 high-level events, held over 12 months in 13 jurisdictions a number of questions.  The Paper says that several partnerships have already stated ambitions to increase their scope, membership or capacity.  The Australian Fintel Alliance, for example, has described an operational ambition to introduce new members to the partnership, including: casinos; fintechs; foreign banks; foreign law enforcement agencies; second-tier banks; and second-tier remitters.  UK policymakers have also described an intention to include accountancy and professional perspectives in UK Joint Money Laundering Intelligence Taskforce (JMLIT) information sharing.


Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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